TVIX, UVXY - a nasty holiday break

With the wave'2 bounce in the indexes continuing, and the market on very low trading volume, the algo-bots were in full control, and with further declines in volatility, both TVIX and UVXY saw further declines of around 8%


TVIX, daily

UVXY, daily

VIX, weekly

Summary

Starting with the VIX itself, which declined around 7% on the week, and thus confirming last weeks decline of 12%. We're now stuck in the low teens, and there is no sign of things levelling out yet.
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As for TVIX and UVXY, what more can be said, other than 'urghh. .the decay...the pain'.

The recent support level from the QE announcement in mid September was breached a few days ago, and there really is nothing but empty air below.

Both TVIX and UVXY will doubtless turn higher at some point, but for the moment, they are clearly best left alone..and to be quietly watched.